Rates

Mortgage Rates (as of 1/31/2023)

• Add .50% for JUMBO loans over $726,200.00

* LTV = Loan to Value

** APR = Annual Percentage Rate. The Annual Percentage Rate (APR) and monthly payment per $1,000 are based on Purchase Price or Appraised Value of $250,000 with a 20% down payment of 80% loan to value and an applicant credit score of 660 or above. The loan amount would be $200,000. Your actual APR may differ depending on the loan amount, loan to value, credit score, cash out or other variables. The monthly payment per $1,000 includes principal and interest. Amounts for taxes and insurance are additional. Rates are subject to change at any time. Home owner insurance is required. Flood insurance is required if property is in a flood zone. Private insurance is required for loans with an LTV greater than 80%.

You are due for a win. But with so many scams and businesses trying to take advantage of this unstable environment, how can you know who to trust? Jarrettsville Federal has competitive rates for the taking, now is the time to take advantage, but don’t compromise your peace of mind.

Interest rates fluctuate daily, sometimes hourly, the best way for you to obtain your ideal rate is to contact Crissy at 410-692-5151, Ext. 230 or chaley@jarrettsvillefederal.com  NMLS #1158115

Fixed Rate Construction/Perm Loans

Interest rates fluctuate daily, the best way for you to obtain your ideal rate is to contact Crissy at 410-692-5151, Ext. 230 or chaley@jarrettsvillefederal.com  NMLS #1158115

• Loan payment is Interest ONLY during the construction period.
• Add .50% for JUMBO loans over $726,200.00

Fixed Home Equity Loans

LTV = Loan to value
**Loan ratio includes first mortgage balance.

Rental property, Investment property, and Commercial property mortgages are available. Please call the loan department at 410-692-5151 for current rates and terms.

Home Equity Line of Credit

Lot Loans

• No size restrictions on lot loans.

IMPORTANT INFORMATION ABOUT OUR RESIDENTIAL MORTGAGE PLANS

• In accordance with the USA Patriot Act, Jarrettsville Federal SLA is required to obtain, verify, and record information that identifies each person who opens an account.
• APRs disclosed above are calculated on a $200,000 loan. The APR will vary based on the final loan amount and finance charges.
• One point equals 1% of the borrowed amount
• Processing Fee is $500/Tax Service Fee is $80 – $114
• The fee for a credit report may be required at the time of application. The fee may vary.
• Appraisal fees may be higher on certain types of loans.
• All loan requests are subject to credit approval.
• Adequate property insurance is required.
• LTVs in excess of 80% require Private Mortgage Insurance (PMI).
• Flood insurance may be required.
• Payments do not include an amount for taxes and insurance premiums. The actual payment obligation will be higher.
• Prequalification available.
• Lot loans require a perk test and potability test prior to settlement if the site will be serviced by a septic system or well.
• Lot Loan – monthly payment is based on a 15-year amortization period. The loan must be paid in full or refinanced in 5 years.
• Consult your tax advisor regarding the deductibility of interest and charges.

FOR MORE INFORMATION, PLEASE CONTACT CRISSY HALEY (NMLS #1158115) OR MARY ANN BOGARTY (NMLS #1114038) 410-692-5151 or 667-401-6200

Jarrettsville Federal: NMLS#431219